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Metalworking (rec.crafts.metalworking) Discuss various aspects of working with metal, such as machining, welding, metal joining, screwing, casting, hardening/tempering, blacksmithing/forging, spinning and hammer work, sheet metal work. |
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#1
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OT Responsible millionaires for higher taxes
http://www.marke****ch.com/story/mee...xes-2010-04-09
I certainly share their sentiment. Taxes should reflect expenses. Look what is happening in Greece, who thought otherwise. Low taxes are a gimmick, since debts cannot grow to the sky, eventually something will have to be done. i |
#2
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OT Responsible millionaires for higher taxes
In article ,
Ignoramus21954 wrote: http://www.marke****ch.com/story/mee...to-pay-higher- taxes-2010-04-09 I certainly share their sentiment. Taxes should reflect expenses. Look what is happening in Greece, who thought otherwise. Low taxes are a gimmick, since debts cannot grow to the sky, eventually something will have to be done. i I vaguely remember reading an article that said if somehow the all the money the richest people had was redistributed evenly among the population of the country, the yield to each person would be surprisingly small. Does anybody have any clearer memory of that? Didn't get anywhere with Google so far. |
#3
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OT Responsible millionaires for higher taxes
In article ,
John Husvar wrote: In article , Ignoramus21954 wrote: http://www.marke****ch.com/story/mee...t-to-pay-highe r- taxes-2010-04-09 I certainly share their sentiment. Taxes should reflect expenses. Look what is happening in Greece, who thought otherwise. Low taxes are a gimmick, since debts cannot grow to the sky, eventually something will have to be done. i I vaguely remember reading an article that said if somehow the all the money the richest people had was redistributed evenly among the population of the country, the yield to each person would be surprisingly small. Does anybody have any clearer memory of that? Didn't get anywhere with Google so far. It's true. There just aren't enough filthy rich people. As a practical matter, the middle class carries the burden, because the poor don't have the money, and the rich don't have the numbers. I think the information is at the Bureau of Labor Statistics or the US Census. What you want is the distribution of income versus number of taxpayers at that income level. Ed Huntress probably know exactly where to look. Joe Gwinn |
#4
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OT Responsible millionaires for higher taxes
"Joseph Gwinn" wrote in message ... In article , John Husvar wrote: In article , Ignoramus21954 wrote: http://www.marke****ch.com/story/mee...t-to-pay-highe r- taxes-2010-04-09 I certainly share their sentiment. Taxes should reflect expenses. Look what is happening in Greece, who thought otherwise. Low taxes are a gimmick, since debts cannot grow to the sky, eventually something will have to be done. i I vaguely remember reading an article that said if somehow the all the money the richest people had was redistributed evenly among the population of the country, the yield to each person would be surprisingly small. Does anybody have any clearer memory of that? Didn't get anywhere with Google so far. It's true. There just aren't enough filthy rich people. As a practical matter, the middle class carries the burden, because the poor don't have the money, and the rich don't have the numbers. I think the information is at the Bureau of Labor Statistics or the US Census. What you want is the distribution of income versus number of taxpayers at that income level. Ed Huntress probably know exactly where to look. Joe Gwinn The data on actual tax revenues is in the IRS statistics. Census is where I'd go first to find out how many people are making how much money. This is not a hard one, and it's good practice for someone to see how to dig out facts. d8-) -- Ed Huntress |
#5
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OT Responsible millionaires for higher taxes
"Ed Huntress" wrote:
The data on actual tax revenues is in the IRS statistics. Census is where I'd go first to find out how many people are making how much money. How did the Census find out how much I make? After answering one on how many live at my residence, I stop filling out the form. Enumerated means counted in my book. Wes -- "Additionally as a security officer, I carry a gun to protect government officials but my life isn't worth protecting at home in their eyes." Dick Anthony Heller |
#6
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OT Responsible millionaires for higher taxes
"Wes" wrote in message ... "Ed Huntress" wrote: The data on actual tax revenues is in the IRS statistics. Census is where I'd go first to find out how many people are making how much money. How did the Census find out how much I make? After answering one on how many live at my residence, I stop filling out the form. Enumerated means counted in my book. Wes Census does a lot more than count heads. Here's the personal income page. It explains how they get income data: http://www.census.gov/hhes/www/income/income.html -- Ed Huntress |
#7
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OT Responsible millionaires for higher taxes
"Wes" wrote in message ... "Ed Huntress" wrote: The data on actual tax revenues is in the IRS statistics. Census is where I'd go first to find out how many people are making how much money. How did the Census find out how much I make? After answering one on how many live at my residence, I stop filling out the form. Enumerated means counted in my book. Wes Did you find the answer you're looking for? -- Ed Huntress |
#8
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OT Responsible millionaires for higher taxes
On Sat, 10 Apr 2010 09:13:35 -0400, John Husvar
wrote: In article , Ignoramus21954 wrote: http://www.marke****ch.com/story/mee...to-pay-higher- taxes-2010-04-09 I certainly share their sentiment. Taxes should reflect expenses. Look what is happening in Greece, who thought otherwise. Low taxes are a gimmick, since debts cannot grow to the sky, eventually something will have to be done. i I vaguely remember reading an article that said if somehow the all the money the richest people had was redistributed evenly among the population of the country, the yield to each person would be surprisingly small. Does anybody have any clearer memory of that? Didn't get anywhere with Google so far. Nope..couldnt find it. Though I did find an interesting factoid.. If every adult on the planet was given a 1500 sq foot home and placed all together...it wouldnt fill up Texas. Gunner "First Law of Leftist Debate The more you present a leftist with factual evidence that is counter to his preconceived world view and the more difficult it becomes for him to refute it without losing face the chance of him calling you a racist, bigot, homophobe approaches infinity. This is despite the thread you are in having not mentioned race or sexual preference in any way that is relevant to the subject." Grey Ghost |
#9
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OT Responsible millionaires for higher taxes
"John Husvar" wrote in message ... In article , Ignoramus21954 wrote: http://www.marke****ch.com/story/mee...to-pay-higher- taxes-2010-04-09 I certainly share their sentiment. Taxes should reflect expenses. Look what is happening in Greece, who thought otherwise. Low taxes are a gimmick, since debts cannot grow to the sky, eventually something will have to be done. i I vaguely remember reading an article that said if somehow the all the money the richest people had was redistributed evenly among the population of the country, the yield to each person would be surprisingly small. Does anybody have any clearer memory of that? Didn't get anywhere with Google so far. I remember reading that if all the present wealth was redistributed evenly, it would all be back in the hands of the original owners in a few years. |
#10
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OT Responsible millionaires for higher taxes
On 2010-04-11, Buerste wrote:
"John Husvar" wrote in message ... In article , Ignoramus21954 wrote: http://www.marke****ch.com/story/mee...to-pay-higher- taxes-2010-04-09 I certainly share their sentiment. Taxes should reflect expenses. Look what is happening in Greece, who thought otherwise. Low taxes are a gimmick, since debts cannot grow to the sky, eventually something will have to be done. i I vaguely remember reading an article that said if somehow the all the money the richest people had was redistributed evenly among the population of the country, the yield to each person would be surprisingly small. Does anybody have any clearer memory of that? Didn't get anywhere with Google so far. I remember reading that if all the present wealth was redistributed evenly, it would all be back in the hands of the original owners in a few years. There is probably a lot of truth to that stament, but.. Then why are you worrying so much about your personal taxes? i |
#11
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OT Responsible millionaires for higher taxes
"Ignoramus27467" wrote in message news snip There is probably a lot of truth to that stament, but.. Then why are you worrying so much about your personal taxes? i So, I hear you were gang raped. Your butt will heal so why would you care if you were violated and there is nothing to stop you from being gang raped again and again? |
#12
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OT Responsible millionaires for higher taxes
On Sat, 10 Apr 2010 20:08:57 -0400, "Buerste"
wrote: I vaguely remember reading an article that said if somehow the all the money the richest people had was redistributed evenly among the population of the country, the yield to each person would be surprisingly small. Does anybody have any clearer memory of that? Didn't get anywhere with Google so far. I remember reading that if all the present wealth was redistributed evenly, it would all be back in the hands of the original owners in a few years. =========== That's the claim, but I doubt it. To be sure the money/wealth would again be quickly concentrated into a few hands, but most likely these would be different hands. In many cases, the founder of the fortune/dynasty passed on years ago, and his heirs have no real idea how he did it, only a collection of family myths/legends. In other cases the socio-economic/cultural/political circumstances [and luck] that allowed the growth of the original dynasty/trust have completely changed, e.g. Rockefeller would be unable to re-establish an oil monopoly, Sam Walton would be unable to reestablish Walmart, etc. Unka George (George McDuffee) ............................... The past is a foreign country; they do things differently there. L. P. Hartley (1895-1972), British author. The Go-Between, Prologue (1953). |
#13
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OT Responsible millionaires for higher taxes
On 2010-04-11, F George McDuffee wrote:
To be sure the money/wealth would again be quickly concentrated into a few hands, but most likely these would be different hands. In many cases, the founder of the fortune/dynasty passed on years ago, and his heirs have no real idea how he did it, only a collection of family myths/legends. Great point and it is something that I completely missed. I remember how years ago, my girlfriend had a side job and worked at a house occupied by a rich family, with several adult siblings living together. I was invited ones to look and was kind of impressed, these heirs lived a life of leisure, seemed very kind to one another, I remember how they sat in chairs and discussed civilly some latest developments of something. They were just very nice people all around. I would not terribly mind such life for my kids. It seemed to be great in very many ways, but for sure they would not be able to re-earn their wealth, if it was redistributed. In other cases the socio-economic/cultural/political circumstances [and luck] that allowed the growth of the original dynasty/trust have completely changed, e.g. Rockefeller would be unable to re-establish an oil monopoly, Sam Walton would be unable to reestablish Walmart, etc. I would invest, on the spot, into any business that Sam Walton would open, in this hypothetical scenario. i |
#14
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OT Responsible millionaires for higher taxes
"Ignoramus27467" wrote in message ... On 2010-04-11, F George McDuffee wrote: To be sure the money/wealth would again be quickly concentrated into a few hands, but most likely these would be different hands. In many cases, the founder of the fortune/dynasty passed on years ago, and his heirs have no real idea how he did it, only a collection of family myths/legends. Great point and it is something that I completely missed. I remember how years ago, my girlfriend had a side job and worked at a house occupied by a rich family, with several adult siblings living together. I was invited ones to look and was kind of impressed, these heirs lived a life of leisure, seemed very kind to one another, I remember how they sat in chairs and discussed civilly some latest developments of something. They were just very nice people all around. I would not terribly mind such life for my kids. It seemed to be great in very many ways, but for sure they would not be able to re-earn their wealth, if it was redistributed. In other cases the socio-economic/cultural/political circumstances [and luck] that allowed the growth of the original dynasty/trust have completely changed, e.g. Rockefeller would be unable to re-establish an oil monopoly, Sam Walton would be unable to reestablish Walmart, etc. I would invest, on the spot, into any business that Sam Walton would open, in this hypothetical scenario. i Don't you think your kids deserve the fruits of your labor more than the cheese-checkers? Why do you have ANY assets? There are people with nothing that DESERVE your stuff? Why should you work hard to provide for your family...somebody else will. I once met a staunch Communist. I asked him how it works. "If you had four chickens and your neighbor had none, would you give him two chickens?" "Of course! That's how it works!", he said. "If you had two pigs and your neighbor had none, would you give him a pig?" "Of course! That's how it works!", he said. "If you had two cows and your neighbor had none, would you give him a cow?" "NO!" he said, "I HAVE two cows!" How many "cows" do you have? I'm sure you have neighbors that don't have an air compressor or a lathe, or a mill or as much money as you. |
#15
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OT Responsible millionaires for higher taxes
On Apr 11, 12:38*am, F. George McDuffee gmcduf...@mcduffee-
associates.us I remember reading that if all the present wealth was redistributed evenly, it would all be back in the hands of the original owners in a few years. =========== That's the claim, but I doubt it. * To be sure the money/wealth would again be quickly concentrated into a few hands, but most likely these would be different hands. Unka George *(George McDuffee) .............................. I think the claim may be right on. It isn't so much that those with wealth are so good at gaining wealth. But most of those that had little money before, would do the same things that caused them to have little money. Money would be spent with abandon by many of the population, so gaining wealth would be relatively easy. I agree that among the wealthy, there would be some new faces. But Warren Buffet would still be one of the wealthy. Dan |
#16
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OT Responsible millionaires for higher taxes
On 4/10/2010 5:08 PM, Buerste wrote:
"John wrote in message ... In , wrote: http://www.marke****ch.com/story/mee...to-pay-higher- taxes-2010-04-09 I certainly share their sentiment. Taxes should reflect expenses. Look what is happening in Greece, who thought otherwise. Low taxes are a gimmick, since debts cannot grow to the sky, eventually something will have to be done. i I vaguely remember reading an article that said if somehow the all the money the richest people had was redistributed evenly among the population of the country, the yield to each person would be surprisingly small. Does anybody have any clearer memory of that? Didn't get anywhere with Google so far. I remember reading that if all the present wealth was redistributed evenly, it would all be back in the hands of the original owners in a few years. No. That's a fallacy. If the wealth were actually redistributed evenly it probably would wind up in the hands of a small group of people again and most people would be back to having little or nothing. The difference is that the money would not go back to those who were the original owners. They are just as likely to wind up with nothing as anyone else. But the rich would like you to believe they have something you don't that would allow them to become rich again. They don't. Hawke |
#17
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OT Responsible millionaires for higher taxes
On Apr 11, 6:34*pm, Hawke wrote:
No. That's a fallacy. If the wealth were actually redistributed evenly it probably would wind up in the hands of a small group of people again and most people would be back to having little or nothing. The difference is that the money would not go back to those who were the original owners. They are just as likely to wind up with nothing as anyone else. But the rich would like you to believe they have something you don't that would allow them to become rich again. They don't. Hawke If you would just throw in a few " I believe's " I would not have any problem with your statement. But you express your views as if they are facts. If you actually have some logical arguments as to why your statement is true, you really ought to show your logic. My belief is that those that have little now would soon be back to having little. Those that are rich now by their own efforts, would soon be rich again. Those that inherited money and did not fritter it away, would likely accumulate some money again. Probably not is much. But that is just my belief. I do not see anyway to verify what would happen. Dan |
#18
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OT Responsible millionaires for higher taxes
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#19
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OT Responsible millionaires for higher taxes
In article ,
Ignoramus21954 wrote: http://www.marke****ch.com/story/mee...to-pay-higher- taxes-2010-04-09 I certainly share their sentiment. Taxes should reflect expenses. Look what is happening in Greece, who thought otherwise. Low taxes are a gimmick, since debts cannot grow to the sky, eventually something will have to be done. Low taxes are not a gimmick, they are a really good way to make the economy boom. Don't forget the spending end of the equation. When they talk about "making tough choices" in politics, they are supposed to mean that they won't overspend, but the voters want it both ways. Joe Gwinn |
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